Monday, June 1, 2009
David Rosenberg CNBC Visit
David Rosenberg was on CNBC this evening. He has been a big bear and right. He thinks the economy will not show a great Q3 or Q4 recovery but thinks you won't know this until August or September and the stock market could likely keeping running on technicals alone. I read many of his economic pieces. There good stuff and been right on regardless of what the market decides to do in the interim.
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2 comments:
I am a big fan of Rosenberg myself, but you have to look at his longer term track record. Yes, he did predict the current recession, but some describe him as the man who has predicted "7 of the last 3 recessions". Still, his research is great and he isnt afraid to take a contrary stand against other economists. Too bad he left BofA/Merrill, since it looks like it will be more difficult to obtain his resarch now.
-T
Well like any sell side guy you never listen to what their prediction is. You just use them for their research.
If you go to his new firms website you can sign up for a free trial of his research. Good stuff.
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